Vacant Buildings
In anticipation of a changing economic cycle, where vacancy rates are expected to increase, Program Brokerage has developed an in-house property facility specifically to meet the needs of vacant commercial building owners. General liability is also offered through our network of wholesale markets at very competitive pricing.
Traditional property coverage for vacant buildings provides only "basic" perils (named perils) and actual cash value valuation. Our facility offers more options for enhanced coverage - all at competitive pricing.
Here are the highlights of PBC's in-house facility:
- A - (VII) non-admitted carrier
- ISO forms and endorsements
- Capacity of up to $10 million
- Deductibles as low as $5,000
- Options for Special Perils
- Options for Replacements Cost
- Flexible policy periods
- Minimum premium of $10,000
- Low minimum earned premiums
Not all vacant buildings fit the facility.